How Bookkeeping Packages Benefit You

Why Should You Choose Our Bookkeeping Packages?

The majority of small business owners start out by recording their expenses and revenues on a spreadsheet or a manual ledger system. This may be fine at first, but imagine the business growing bigger and bigger. Doing this on your own can be a strenuous task given the longer list of transactions, and it can also increase the chances of errors. This is why we at Edge Small Business Consulting offer different packages that you can choose from, depending on the size and needs of your business. But how can you benefit from a bookkeeping package, anyway? Allow us to discuss why you need one, what we offer, and why you should choose our bookkeeping packages over the others.

Why Would You Need a Bookkeeping Package?

Most, if not all, packages come with accounting software to make sure bookkeeping jobs are done quickly and efficiently. Below are some advantages of getting a bookkeeping package:

It Helps Track Projected Cash Flow

If you’re able to track your receivables and payables in accounting software, you can track projected cash flow just by using that information.

Say you still have unpaid customer bills and bills that aren’t paid yet. By inputting these into accounting software, we can give you the exact amount of how much money is going in and how much money is projected to go out in a specific period (next week, next month, etc.)

All our bookkeeping packages come with accounting software. With this feature, your business can avoid cash crunches, late bill payments, and penalties. While you can also do this method manually, it can take hours.

It Simultaneously Records Payments and Transactions

By having accounting software, you can simultaneously record a transaction as it happens. Let’s say you do things manually. Every time you pay bills, you have to write out the check first and record the transaction in your journal or ledger.

Meanwhile, with our accounting software, you can simply input the check directly into the program and print it out on your computer. Plus, the transaction is automatically recorded into the program while making the check itself!

So as you can see, our bookkeeping packages not only help save your time but prevent manual recording errors as well.

It Makes Financial Statements Automatically

Doing things manually means you have to reconcile, balance, and convert your ledger into financial statements. This is both time-consuming and doesn’t let you view financial statements as they happen. By not knowing your financial standing in real-time, you may miss possible financial crises and worse, face bankruptcy.

With our accounting software, we can print financial statements for any timeframe you choose. So let’s say you want to see how you did during the second quarter, we can easily do that for you.

What Bookkeeping Packages Do We Offer?

We offer three packages that you can choose from. They range from straight-up bookkeeping only to having your own CFO.

Standard Package

This package is ideal if you’re a small business owner who wants their books and other finance functions taken care of. It includes the following:

• No contract terms
• Completed bank reconciliations
• Completed quarterly BSAs or ISAs
• Invoice management including accounts payables and receivables
• Full accounting software management
• Phone or email support
• Payroll functions such as pay slips, annual summaries, etc. taken care of

Insights Plus Package

Imagine having your own CFO. Since all the basics of bookkeeping and accounting are now covered, you can continue doing the things you love and focus more on making your business grow.

This comprises everything the standard package has, plus:

• Provision of quarterly management reports.
• Quarterly business health-check meetings. These can include a deeper analysis of key business indicators and management reports.
• Annual preparation of fully-referenced management reports, such as the supporting documents for your accountant. This will help save you time and other extra fees.
• Regular phone checks to make sure your indicators are being met.

Choose the Bookkeeping Packages Edge Small Business Consulting Has to Offer

Most freelance bookkeepers will charge you an hourly fee. Some even start at $60 + GST per hour minimum, which we think is a bit ridiculous and quite unfair. Also, working on an hourly rate means you don’t know how much you’re actually going to spend until the work is done. So unless you love surprises, we think this is very impractical.

This is why we offer all of our packages at a fixed monthly rate. This way, you can budget and set aside some of your money until you’re ready to of avail any of our bookkeeping packages. Since we rarely work on an hourly rate, you don’t have to worry about picking up that phone and stressing how long your consultation with us takes. And if it does take us long to solve an issue, it’s our problem and not yours. We offer various package options depending on your budget and what your business currently needs.

Final Words on Bookkeeping Packages

Not sure which package is best for you and your business? No worries! Our team of certified accountants (we’re not just bookkeepers!) are more than happy to help you. Just drop us a line for a quick, “no obligations” chat so we can help you identify your needs.

So what are you waiting for? Don’t let bookkeeping or financial management stress you out—choose from our bookkeeping packages today!